The right to tangible property that can be possessed is known as
A)assignment of rights.
B)a chose in action.
C)chattel property rights.
D)a chose in possession.
E)equitable assignment.

Question

Quizplus · Accepted Answer

The right to tangible property that can be possessed is known as a chose in possession. Option A, assignment of rights, refers to the transfer of a right to receive payment or benefit from one party to another. Option B, a chose in action, refers to a right to receive payment or benefit, but does not involve tangible property. Option C, chattel property rights, is a general term that includes both tangible and intangible property. Option E, equitable assignment, refers to an assignment in which the assignor does not transfer legal title but only an equitable interest.

The Right to Tangible Property That Can Be Possessed Is